JonesTrading Raises $50 Million

JonesTrading Institutional Services LLC, a Los Angeles-based agency brokerage focused on block trading of U.S. and Canadian securities, has raised $50 million in private equity funding from Friedman Fleischer & Lowe. The deal provides FFL with a significant minority ownership position, and representation on the JonesTrading board of directors. www.jonestrading.com